Bitcoin Cash (BCH) Market Action

Every week there’s an awful lot of developments happening within the BCH ecosystem and this week is no different. Bitcoin cash markets have been strong again over the past week, as the decentralized cryptocurrency is up 1.29 percent today and up over 22 percent over the last seven days. At the time of publication one BCH is trading for $533 per coin and the overall BCH market valuation is $9.28 billion today. The top five exchanges swapping the most bitcoin cash include Lbank, Hitbtc, Okex, Binance, and Huobi. As far as trading pairs are concerned the top five currencies traded for BCH includes tether (USDT 35.4%), BTC (31.5%), ETH (20%), USD (7%), and KRW (2.3%).

More Bitcoin Cash Adoption

Besides market action, there’s been a lot of adoption happening as well throughout the BCH ecosystem. One adoption announcement this week that BCH fans enjoyed was from the event ticketing platform Big Tickets who revealed they have integrated with Bitpay for event payments. Now users can purchase tickets to events using the lightning fast and low fee BCH network, explains the company’s recent press release.

“We know our product, values, and dedication to innovation are deserving of an equally secure and seamless purchase method for our event attendees — The use of bitcoin cash is a major social trend we’ve been monitoring and we’re excited to be the first event ticketing platform in the United States to accept the burgeoning cryptocurrency,” said Jason Henley, CTO of Bigtickets.com.

Another well-known firm that now accepts BCH is the popular software bounty hunters Hackerone. The Hackerone team has also partnered with Bitpay’s payment services and individuals and companies can use bitcoin cash to find bugs in their systems. Hackerone has worked for many fortune 500 firms like General Motors, Google, Twitter, GitHub, Nintendo, Lufthansa, Panasonic Avionics, Qualcomm, Starbucks, Dropbox, and Intel.

Bitcoin Cash Wallet Infrastructure

This week the wallet firm, Cointext, led by the company’s founder Vin Armani has announced that the SMS-capable wallet application can now send bitcoin cash to mobile numbers in six more European countries. “Bitcoin was always meant to be used as borderless cash,” explained Cointext CTO Vin Armani. “Our aim with Cointext is to expand its usefulness in real life.”

The large mining giant Bitmain Technologies has revealed yesterday that it has acquired the bitcoin cash desktop wallet Telescope. The Telescope wallet is a browser-embedded cryptocurrency wallet application for Bitcoin Cash (BCH). The platform also supports Bitpay invoices and the Money Button alongside traditional wallet services.

“We are extremely proud of Telescope wallet and the simple but key innovation that the project brings to the Bitcoin Cash ecosystem — Browser-embedded cryptocurrency wallets are a promising technology,” said Nishant Sharma, Head of International PR and Communications at Bitmain. Sharma continues:

The Telescope development team is doing some very interesting work and we look forward to working together with them on the Telescope project and future Bitcoin Cash projects.

Another wallet announcement stems from the South Africa-based firm Centbee as the company has officially launched its iOS version. News.Bitcoin.com reported on the alpha version of the Centbee Android application this past July. During the iOS release Centbee’s co-CEO, Lorien Gamaroff, explains “Our key focus in designing the app was to make sending Bitcoin cash to friends as simple as possible.” Gamaroff adds:

In just a few taps, users can send Bitcoin cash to anyone, anywhere at the lowest possible cost — Bitcoin cash will be adopted globally as the best way to pay, especially in Africa and other developing markets.

Worldwide BCH Devcons and the Possible Bitcoin Cash November Upgrade

Bitcoin cashers are also looking forward to the upcoming BCH hackathons taking place in San Francisco, Amsterdam and other regions around the world. The San Francisco event is dubbed the BCH Devcon and will take place on October 10-11 and the first place winner will receive a 10 BCH investment from Permissionless Ventures.

Another BCH Devcon will take place in Amsterdam on October 27-28 and the event will also be hosted in Israel, Japan, South Korea, and India as well. For more information about all the BCH Devcons if you would like to participate or attend check out the official page here.

Overall at the pace development has been going, October will likely be a busy month for bitcoin cash enthusiasts, network participants, and developers leading up to the planned BCH hard fork slated for November 15.

What do you think about this week’s bitcoin cash markets and headlines? Let us know your thoughts on this subject in the comment section below.

Disclaimer: Bitcoin.com is an official sponsor of the BCH Devcon events.

Images via Shutterstock, BCH Devcon, Pixabay, and Bitcoin.com

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